Timing the Real Estate Market

One word - NOW!

- last Friday, Jack Koskinen, interim chief executive of Freddie Mac, said that home loan rates are near the bottom and that any further decreases will be small-

We all want the last drop - the lowest price - the best time - but few will take advantage of that precise moment - because they won't realize it has happened until it is gone-

So the signal has been sent to not expect that long awaited 4.0% everyone seems to be looking for.

Just as there is no such thing as a bad profit - there is no such thing as a bad 4% Mortgage Rate. These are the lowest Rates in 3 decades .

Prices are at bottom in lower price ranges and the ability to negotiate in higher price ranges is astronomical.

If you want a barometer to determine when to invest in the Real Estate Market - Use this one: When ever properties get low enough that you can put 20% or less down and the PITI will break even with current rent prices.

Rent prices have remained stable in the last 2 decades through upswing and downswing with less than 10% deflection. Compared to the Stock Market and other investment options Real Estate is still and will always remain your best option!

Dale Alverson CBB,CRP ABR,e-PRO

43 Degrees North Real Estate

35 years Representing Clients - not sales!

800-359-0855 dale@teamboise.com